Advertising agency Omnicom has discontinued its business in Russia, affecting up to 2,000 jobs in the country.
The news comes as, WPP, Publicis Groupe, IPG and Dentsu have all revealed decisions to cease operations in Russia, amid the humanitarian crisis in Ukraine.
The firm announced that it is working with local partners to “dispose” of all its investment positions.
“It has been planning an orderly process to ensure continuity of services for clients and to provide a future for its Russian colleagues, some who have been with Omnicom for decades,” Omnicom said.
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The marketing agency also has 200 colleagues currently living in Ukraine.
Omnicom added: “It is in constant contact with its Ukrainian agency leaders and is supporting its people with much needed humanitarian assistance, including transportation, accommodations, visa and working papers, translation services, relocation support, supplies and medical support.”
“Omnicom continues to keep its affected colleagues in its thoughts and hopes for peace.”
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